Industry News

In London on April 22 news, inco research organization (INSG) said on Wednesday that global nickel excess supply quantity will decline this year to 20000 tons, for major producer in Indonesia iron ore export ban further weaken China's production。Last year's global nickel excess supply of 120000 tons。"Iron ore exports increased, though the Philippines since January 2014, the implementation of the nickel ore export ban is expected to weaken China's nickel pig iron production," the group said.Nickel INSG expects 2015 global demand is expected from 1.87 million tonnes to 1.94 million tonnes in 2014: global nickel production material from 1.99 million tons to 1.96 million tons."China's GDP growth is expected to slow, and government intentions more sustainable and environmentally friendly way of economic growth, the original nickel demand will continue to grow, but growth below the level in recent years," the group said。The past few years, a surplus of nickel supply, according to the London metal exchange (LME) data, nickel stocks are more than 434000 tons, close to record highs.